Asia: Market for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2025

Market Size for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Asia

In 2021, after four years of growth, there was significant decline in the Asian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when its value decreased by -15% to $X. In general, consumption, however, saw a strong expansion. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Production of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Asia

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips contracted to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +75.8% against 2013 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Exports in Asia

After two years of decline, shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 33% to X tons in 2021. The total export volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporting country with an export of around X tons, which reached 53% of total exports. Japan (X tons) ranks second in terms of the total exports with a 17% share, followed by Israel (7.9%), South Korea (7.9%) and Singapore (4.6%). The following exporters - Thailand (X tons) and Taiwan (Chinese) (X tons) - each finished at a 6.1% share of total exports.

Exports from China increased at an average annual rate of +10.8% from 2012 to 2021. At the same time, Thailand (+53.9%), Taiwan (Chinese) (+10.2%) and Japan (+2.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +53.9% from 2012-2021. By contrast, South Korea (-2.6%), Singapore (-2.8%) and Israel (-5.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Thailand increased by +23 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Israel ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 70% of total exports. South Korea, Singapore, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 26%.

Thailand, with a CAGR of +44.8%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price saw a mild slump. The most prominent rate of growth was recorded in 2014 an increase of 6.4% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the other leaders experienced more modest paces of growth.

Imports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Imports in Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when their volume increased by 29% to X tons. In general, imports showed a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons), distantly followed by Taiwan (Chinese) (X tons), China (X tons), Thailand (X tons), Turkey (X tons), Japan (X tons), South Korea (X tons) and Indonesia (X tons) represented the key importers of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, together mixing up 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +8.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unmounted tool inserts, sticks or plates importing markets in Asia were China ($X), India ($X) and Japan ($X), with a combined 42% share of total imports. These countries were followed by South Korea, Taiwan (Chinese), Turkey, Thailand and Indonesia, which together accounted for a further 37%.

Among the main importing countries, Indonesia, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, picking up by 3.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by 8.7%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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